US Outlook Articles

December 9th, 2016 - Market Drivers December 9, 2016 UK Trade data better Euro Stabilizes at 1.0600 Nikkei 1.23% Dax -0.15% Oil $51/bbl Gold $1173/oz. Europe and Asia: AUD AU Home Loans -0.8% vs. -1.0% GBP UK Trade Balance -9.71B vs. -11.8B North America: USD U of M 10:00 It’s been a relatively subdued night of trade in the FX market with most of the pairs tracing out v...

December 8th, 2016 - The ECB Wants Euro to Fall Daily FX Market Roundup 12.08.16 The European Central Bank wants the euro to fall and that is exactly what the euro did after the monetary policy announcement. Economists had been looking for asset purchases to continue for only 6 months beyond the previous soft end date and instead they were extended by 9 months from March to Decembe...

December 7th, 2016 - Euro - Here’s What We Expect from the ECB & Euro Daily FX Market Roundup 12.07.16 The euro is trading higher ahead of this year’s final European Central Bank monetary policy meeting and the big question tomorrow is whether there will be an ECB surprise that triggers the same 4-cent (400 pip) move in EUR/USD that we saw in December 2015. Around this time las...

December 7th, 2016 - Market Drivers December 7, 2016 AU GDP Misses UK MP/IP Miss badly Nikkei 0.74% Dax 1.45% Oil $51/bbl Gold $1173/oz. Europe and Asia: AUD AU GDP -0.5% vs. 0.3% GBP UK IP 0.3% vs. 0.8% GBP UK MP -0.9% vs. 0.2% North America: CAD Rate Decision 10:00 It’s been a night of data misses on FX with both AU and UK economic reports posting very disappointing ...

December 6th, 2016 - CAD: Will Trump Worry the Bank of Canada? Daily FX Market Roundup 12.06.16 After the Italian referendum, the forex market turned its focus to 3 monetary policy announcements. The Reserve Bank of Australia was the first central bank to meet last night – they left interest rates unchanged and offered a benign outlook for the Australian economy. While the RBA sa...

December 6th, 2016 - Market Drivers December 6, 2016 RBA leaves rates on hold NZD tumbles on stops Nikkei 0.47% Dax 0.11% Oil $51/bbl Gold $1172/oz. Europe and Asia: AUD RBA leaves rates at 1.50% EUR GDP 1.7% vs. 1.6% North America: USD Trade Balance 8:30 CAD Trade Balance 8:30 Price action in the FX market was decidedly more subdued on the second trading day of the week...

December 5th, 2016 - 3 Reasons Why EURO Verticalized After Italy Vote Daily FX Market Roundup 12.05.16 Many investors may be wondering why EUR/USD verticalized after the Italians voted against Prime Minister Renzi’s Senate reforms especially after EUR/USD dropped within a few pips of 1.05. We have identified at least 3 reasons for the reversal: 1. German – U.S. yield spread ...

December 5th, 2016 - Market Drivers December 5, 2016 EURUSD flirts with 1.0500 after Italian No, but recovers UK PMI Services improves Nikkei -0.82% Dax 1.70% Oil $52/bbl Gold $1166/oz. Europe and Asia: EUR Final PMI 53.8 vs. 54.1 GBP UK PMI Services 55.2 vs. 54.2 EUR Retail Sales 1.1 vs.0.8 North America: USD ISM Non Manufacturing 10:00 The EURUSD tumbled in the wake of...

December 2nd, 2016 - The Dollar Could Correct Further After Muted Jobs Report Daily FX Market Roundup 12.02.16 With less than 2 weeks to go before the December Federal Reserve meeting, investors were not impressed by the latest U.S. jobs report. They were happy to see job growth rise by 178K, but the increase was less than 200K and accompanied by a drop in average hourly earnings. ...

December 2nd, 2016 - Market Drivers December 2, 2016 USDJPY drifts below 114 ahead of NFP UK Construction PMI Improves Nikkei -0.47% Dax -0.94% Oil $50/bbl Gold $1176/oz. Europe and Asia: AUD Retail Sales 0.5% vs. 0.3% GBP UK Construction PMI 52.8 vs. 52.2 EUR PPI 0.8% vs. 0.2% North America: USD NFP 8:30 CAD Employment 8:30 It’s been a typically subdued night of trad...

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